A-Rod teams up with investor, nears deal to buy Timberwolves

Former MLB star Alex Rodriguez and billionaire Marc Lore appear to be close to owning the Minnesota Timberwolves, finalizing a deal with current owner Glen Taylor, according to reports.

The pair released a statement on Saturday:

“We look forward to entering this phase of the process with Glen Taylor. Our respect for him and the legacy he built lays an amazing foundation for what is to come. We are excited by the prospect of getting to know the Timberwolves organization, the talented team and their incredible fans.”